Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are given the following experience: 4. Average Premium at Current Rates Base Premium Loss Cost Number of Trended & Developed Territory Losses at Current

image text in transcribed

You are given the following experience: 4. Average Premium at Current Rates Base Premium Loss Cost Number of Trended & Developed Territory Losses at Current Rates I 400 500 250 2000 II 500 800 600 800 Class differentials are not being changed Use the square root rule for credibility, with 1082 claims for full credibility Calculate the indicated rate differential for Territory II. You are given the following experience: 4. Average Premium at Current Rates Base Premium Loss Cost Number of Trended & Developed Territory Losses at Current Rates I 400 500 250 2000 II 500 800 600 800 Class differentials are not being changed Use the square root rule for credibility, with 1082 claims for full credibility Calculate the indicated rate differential for Territory

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Authors: David Ricchiute

5th Edition

0538869526, 978-0538869522

More Books

Students also viewed these Accounting questions